- Course Code :
ECO 405
- Level :
Undergraduate
- Course Hours :
3.00
Hours
- Department :
Department of Economics
Instructor information :
Area of Study :
This course applies econometric methods in real-world situations as well as conducting empirical economic research, through providing students with formal background knowledge of conducting regression models, the principles of estimation (Ordinary Least Squares, Generalized Least Squares and Maximum Likelihood Estimation), hypothesis testing, and goodness of fit. The course focuses on limited dependent variable models and generalized methods of moments GMM. It explains the qualitative response regression models (probit model, tobit model, logit model), time series models (VAR, ARIMA, and state-space models). Moreover, panel data models (fixed effect and random effect models) are to be illustrated.
Course Goals:
• Analyze economic data using statistical and econometric methods.
• Become analytically oriented.
• Enhance statistical skills and prepare our students for pursuing graduate education and in becoming professional economists.
• Extend the core working knowledge of applied econometrics
For further information :
This course applies econometric methods in real-world situations as well as conducting empirical economic research, through providing students with formal background knowledge of conducting regression models, the principles of estimation (Ordinary Least Squares, Generalized Least Squares and Maximum Likelihood Estimation), hypothesis testing, and goodness of fit. The course focuses on limited dependent variable models and generalized methods of moments GMM. It explains the qualitative response resgression models (probit model, tobit model, logit model), time series models (VAR, ARIMA, and state-space models). Moreover, panel data models ( fixed effect and random effect models) are to be illustrated.
For further information :
Books:
Recommended books :
1. Christopher Dougherty, Introduction to Econometrics. Oxford University Press, 2009.
2. J. Wooldridge, Introductory Econometrics. Thompson, 2003.
3. R.Hill (et. al.), Undergraduate Econometrics. John Wiley & sons Inc., 2005.
For further information :